Bulletin W13-146 - Co-Ops Now Available
November 25, 2013
Topic included in Bulletin W13-146:
- CMS announces the addition of Co-Ops to our product offering
- Available for Conventional Conforming, High Balance and Jumbo, in the following locations:
- New York State
- New Jersey; Hudson, Essex, Union, Middlesex, Bergen, Passaic, Monmouth and Morris counties
- Highlights of program
- Program Codes are reflected in the pricing engine
- Program is Non-Delegated and requires Investor Approval
- Investor Approval required prior to lock
- Investor mandatory PTD condition
- Program currently available only of Operation Centers that are currently using Encompass; Enfield, Fishers and Jacksonville
- Co-Op loans must be underwritten in the Enfield Operation Center
- Training held for Sales and Operations the week of November 18, 2013
- Available Monday, November 25, 2013
Download: Bulletin - W13-146 (PDF)
An Equal Housing Opportunity Lender. Copyright 2007 -
2024
. Carrington Mortgage Services, LLC headquartered at 1600 South Douglass Road, Suites 110 & 200-A, Anaheim, CA 92806. NMLS ID # 2600. Toll Free # 800-561-4567. All rights reserved. Restrictions may apply. All loans are subject to credit, underwriting and property approval guidelines. Nationwide Mortgage Licensing System (NMLS) Consumer Access Web Site: